Telefónica is embedding climate action across its business to accelerate its path to net-zero emissions by 2040

·The company has updated its Climate Action Plan, which is aligned with the 2026–2030 Sustainability Plan and includes decarbonisation targets validated by the Science Based Targets initiative (SBTi). ·Telefónica is integrating climate action into the company’s key decisions through measures covering operations, the value chain, the business model, financing and governance. ·Having reduced its operational emissions by 92.8% compared with 2015, Telefónica is strengthening its focus on resilience, the decarbonisation of the supply chain and the development of digital solutions that help its cust